๐๐ผ๐ ๐ฑ๐ถ๐ฑ ๐๐ต๐ฒ๐๐ฒ ๐๐๐ง ๐๐ผ๐บ๐ฏ๐ฎ๐ ๐ฎ๐น๐๐บ๐ป๐ถ ๐ฏ๐๐ถ๐น๐ฑ ๐ฎ ๐ณ๐ฎ๐๐ต๐ถ๐ผ๐ป ๐ฏ๐๐๐ถ๐ป๐ฒ๐๐ ๐๐ต๐ฎ๐ ๐ฑ๐ถ๐ฟ๐ฒ๐ฐ๐๐น๐ ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ฒ๐ ๐๐ถ๐๐ต ๐ ๐๐ป๐๐ฟ๐ฎ ๐ฎ๐ป๐ฑ ๐๐บ๐ฎ๐๐ผ๐ป? It's about bewakoof :) Founded in 2012, headquartered in Mumbai, India, Indian direct-to-consumer (D2C) fashion brand targeting young consumers, known for trendy, quirky, and pop-culture-inspired apparel. Prabhkiran Singh (CEO) and Siddharth Munot (both IIT Bombay alumni) founded the company. Prabhkiran Singh previously experimented with businesses like "Khadke Glassi" (a lassi business). Started with customized and slogan-based T-shirts for college students, selling directly to consumers via its website and app, cutting out middlemen to improve margins and control pricing. Strong presence on Instagram, Facebook, and influencer marketing, leveraging a community-driven approach with over 6 million social media followers. Official merchandise collaborations with Marvel, DC, Disney, and Bollywood helped establish a strong brand identity and increase customer engagement. Targets the price-sensitive Indian youth market with affordable pricing, offering T-shirts starting at โน299, and owns its production to maintain quality and cost efficiency. Built a customer base of over 10 million registered users, with 80% of revenue coming from repeat customers, showcasing high brand loyalty. Generates a significant portion of sales from its website and mobile app, reducing reliance on third-party marketplaces like Amazon and Flipkart. Funded by IvyCap Ventures, Investcorp, and Spring Marketing Capital, raising over โน200 crore ($25M+) in funding to fuel growth and expansion. Expanded product categories beyond apparel to include mobile covers, accessories, and footwear, increasing average order value and customer retention. Revenue growth reached โน200+ crore ($25M+) by 2022, with plans to scale to โน1,000 crore ($120M) revenue in the coming years. Faces competition from Myntra, Amazon, Ajio, and other e-commerce players, but differentiates with unique designs, fast product launches, and strong brand recall. Challenges include scaling logistics, maintaining quality with rapid product expansion, and staying ahead of fashion trends in a highly competitive market. Focuses on expanding product lines, improving technology, increasing customer engagement, and leveraging data analytics to personalize shopping experiences. Follow vishakha Jangir for more such business insights.
Download the medial app to read full posts, comements and news.